Content pfp
Content
@
https://opensea.io/collection/books-39
0 reply
0 recast
5 reactions
amelielasker.eth pfp
amelielasker.eth
@amelie
You've probably already heard that today Amazon is pulling the right to download ebooks. This makes it abundantly clear what has always been true: people don't own digital media on web2, and that's a problem. At Alexandria, we debuted ebook download today with our latest release, a collection of thrillers.
23 replies
41 recasts
113 reactions
Andrei pfp
Andrei
@xosmig.eth
Q about the vision for Alexandria: If people own digital media, does it mean they can resell it right after consuming? What stops a few "copies" from saturating the secondary market, bringing prices to near 0? (i.e., to the lowest $ value at which people would bother to resell)
1 reply
0 recast
0 reaction
amelielasker.eth pfp
amelielasker.eth
@amelie
This is why digital media NFTs can have non-speculative utility. You're absolutely right, if people are just collecting it for entertainment, they can then resell it immediately. This creates a great opportunity for a secondhand ebook economy. There's already a healthy secondhand *physical* book economy, but now authors and publishers can participate in the digital one via creator fees. Still, by reselling, people won't still own the NFT. So these ebook NFTs have collector value separate from reading. It's up to the consumer, how they'd like to treat their book. If they want to read it and then resell at a loss, and treat that loss as a worthy price they paid for the entertainment, they sure can. If they want to keep it in their collection, they can do that too. Some Alexandria collections naturally lend themselves to one of these types of interaction. The Konrath Signature Edition, for example, is really intended for dedicated fans, because the handmade unique covers have inherent collector value.
3 replies
0 recast
2 reactions
Andrei pfp
Andrei
@xosmig.eth
Re. creator fees: does it mean each time I transfer the e-book to someone, I have to pay a fee to the creator? Or only for sales? But then how do you distinguish one from the other?
1 reply
0 recast
0 reaction
amelielasker.eth pfp
amelielasker.eth
@amelie
Creator fees (also sometimes called secondary royalties) are a standard practice with NFTs, not just ebooks! Of course it depends on whether secondary marketplaces facilitate it, but our smart contracts have included creator fees since the beginning. That's right, it's only for resales. Transfers/lending/etc, readers can do that and only pay gas--they're their books and they can do what they want!
1 reply
0 recast
0 reaction
Andrei pfp
Andrei
@xosmig.eth
So essentially the creator fees are up to the good will of the platform the NFT is being traded on? Curious, I wonder how it'll play out long-term. My gut feeling would be that to counteract the market pressure to keep the fees as low as possible, there should be at least a "recommended" fee associated with the NFT, so that platforms that charge smaller / no creator fees would feel a bit like piracy.
1 reply
0 recast
0 reaction
amelielasker.eth pfp
amelielasker.eth
@amelie
Yeah it's really interesting about creator fees! This article helps discuss the nuances of creator fees and why marketplaces technically cannot enforce them: https://www.bitbond.com/resources/decoding-nft-royalties/ Alexandria has always had creator fees as part of our smart contracts. We leave it up to the author or publisher. They can choose the creator fee percentage they'd like to charge when they deploy their smart contract.
2 replies
0 recast
0 reaction